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Oct 9, 2012
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities?
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities?
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vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket. >> if they did that it would be well telegraphed, i don't think they would do it in a subtle way. the market react that shows fiscal responsibility is a positive. liz: markets are not reacting. >> markets are benign about this the biggest danger for markets is a policy is make and chaos. >> do you think what we've seen -- we've seen an economy distorted by bubbles, like the economy has been on platform shoes, and i feel like, we have -- market -- some analyst some people, have been drained of all common sense, like they are
vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket....
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Oct 10, 2012
10/12
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FBC
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tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the, infospace history is one that dates back to the mid-'90s in terms of the company forming and later going public and through the course of its history it has own ad number of different businesses all having common charactertics in that they're become online and digital markets. more recently, as you mentioned we acquired tax act and announced that earlier this year. it is a wonderful business that's focused, we discussed in the tax preparation software business, really focusing on consumer empowerment and providing tools for individual t
tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the,...
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calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door. and so give me ten percent of everything you have . unfortunately that would be very unpopular if you were to turn around and tell the american public oh guess what your taxes are not going up ten percent of what you currently pay they're going up by ten percent of your income and the tax on everything that you produce as a company is going up by ten percent of your production and yet that is essentially what's been going on now for the last four years and so when we look at why we haven't seen job growth and economic reco
calling a tax on g.d.p. . well it's rather simple really if you have ten thousand units of production in an economy in ten thousand units of creditor currency and the government comes along and says ok we're going to deficit spend so we're going to put another thousand units into there then the value of all of the units of credit in currency that currently exists go down by that amount so this is exactly identical from a functional standpoint as if the i.r.s. man showed up on down your door....
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Oct 10, 2012
10/12
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CNBC
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siegel, that it is congress that sets tax policy in this country, do you really expect tax structure in this country change should governor romney win the election? >> i'm only listening to what president obama is saying, and that is raise the taxes on the wealthy. that's me and the other small business owners around the country. >> and that upsets you so much that you literally say i'm going to go sit on a beach, shut down the whole thing? connect those dots for me. taxes go up, and so -- >> you're taking things out of context. >> okay. >> you know, this is not speculation. i have lived the last four years under the obama administration, and i've watched my company be cut in half. today we're very profitable, and i don't want to go through another four years under the obama administration where i have to downsize again. >> you cut the company in half as a result of tax policy? is that what happened? >> no, it had nothing to do with tax policy. it had to do with the tightening of the banks. tightening of money. when they gave t.a.r.p. money to the banks, they should have told them to
siegel, that it is congress that sets tax policy in this country, do you really expect tax structure in this country change should governor romney win the election? >> i'm only listening to what president obama is saying, and that is raise the taxes on the wealthy. that's me and the other small business owners around the country. >> and that upsets you so much that you literally say i'm going to go sit on a beach, shut down the whole thing? connect those dots for me. taxes go up,...
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Oct 6, 2012
10/12
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CNNW
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tax policy center forecasts erican households will pay on average $3,500 more in tax physician congress let the bush era tax cuts expire for everyone. what effect could that and across the board spending cuts have on the wider economy? a new report from the center for regional analysis at george mason university predicts that some 277,000 federal employees will lose their jobs in the next 12 months. that's 14% of the federal workforce. and 14 of the 17 economists surveyed by cnn money predict fiscal cliff will cause a new recession. interestingly all 17 believe the economy won't plunge off the cliff because they think congress will finally get its act together and do something in the lame duck session following the elections or when the new congress convenes in late january. lame in either case. but by then it could be too late for the economy because companies don't like uncertainty as you know and some say they are holding back on hiring. we can't have an economic recovery without job creation. >> so with the looming economic disaster like the fiscal cliff you would have expected the
tax policy center forecasts erican households will pay on average $3,500 more in tax physician congress let the bush era tax cuts expire for everyone. what effect could that and across the board spending cuts have on the wider economy? a new report from the center for regional analysis at george mason university predicts that some 277,000 federal employees will lose their jobs in the next 12 months. that's 14% of the federal workforce. and 14 of the 17 economists surveyed by cnn money predict...
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i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't want to discuss those things in an election year. gerri: and also, it begs the question, are you taking power out of the hands of the doctors and hospitals to back to busty making these decisions about care. i don't think so. a lot of things occur in the admission process, and smart hospitals, good hospitals are getting on top of this. for instance, in our community we have hospital in plano, texas. texas health resources. there is a group of really hard-core nurses and anybody who is a physician knows when talking about. you don't mess with these ladies. they have taken the bull by the horns and transf
i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't...
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Oct 10, 2012
10/12
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history shows when you raise taxes on the 1% of people that pays 42% of the taxes, you will collect less money. the big fundamental issue is, what are we doing on the constructive part of the economy? we have to address them. >> ok. >> george bush entered into a deal that was supposed to be balanced. the trade-off was reduce spending. the higher taxes were immediate. the reining in spending was to come later. we are still waiting. the negotiations are very complex. there are a lot of pieces to it. everything is going to end-of being on the table. there is no question that you need to curb long temp entitlement costs. it is the number one spending program in the government. that will need to be looked at and a whole bunch of other things are complex. you cannot do one without looking at everything. >> very briefly i want to ask the things you think need to be done to restore business competitiveness over the course of the next four years of whoever wins the presidential election on november 6. >> i am 100% certain they can all be done. will they? i think there will be enormous pressure fo
history shows when you raise taxes on the 1% of people that pays 42% of the taxes, you will collect less money. the big fundamental issue is, what are we doing on the constructive part of the economy? we have to address them. >> ok. >> george bush entered into a deal that was supposed to be balanced. the trade-off was reduce spending. the higher taxes were immediate. the reining in spending was to come later. we are still waiting. the negotiations are very complex. there are a lot...
WHUT (Howard University Television)
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Oct 4, 2012
10/12
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italian police arrested the head of a private tax collection agency. the man suspected of pocketing $130 million his agency gathered for local governments. the italian government is cracking down on tax evasion as a way to reduce its massive debt. police officials say the suspect and four of his employees misappropriated about $100 million euros between 2006 and 2009. the private agency had been commissioned by about 400 pounds to collect taxes. the suspects reportedly spent the money on private jets, yachts, parties and other luxuries. police have seized cash and real estate worth about $11 million. >>> the european union is trying to reach a consensus among its leaders to conclude an economic partnership agreement with japan. the eu administrative body, the european commission, proposed epa negotiations with japan in july. nhk obtained a draft statement, summarizing the summit, schedule ford october 18th and 19th in brusselse brussels. it calls on countries to begin negotiations with japan to conclude the epa. automobile makers in italy, france and g
italian police arrested the head of a private tax collection agency. the man suspected of pocketing $130 million his agency gathered for local governments. the italian government is cracking down on tax evasion as a way to reduce its massive debt. police officials say the suspect and four of his employees misappropriated about $100 million euros between 2006 and 2009. the private agency had been commissioned by about 400 pounds to collect taxes. the suspects reportedly spent the money on...
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Oct 5, 2012
10/12
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companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most powerful way to get us to a balanced budget is to grow the economy. that's why my tax plan, which is estimated to create 7 million jobs, will help us more than anything else to get to that balanced budget. >> sean: i know this was not about foreign policy last night. we have been following very closely on this program, the issue in benghazi, the death of our ambassador, the first time in 30 years, two navy seals. do you believe there is a coverup going on? >> well, sean, first, let me note my condolences and sympathy for the families of those who
companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most...
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Oct 6, 2012
10/12
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CURRENT
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>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! if you have an opinion, you better back it up. >>eliot spitzer takes on politics. >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct line to eliot spitzer. >>join the debate now. >> eliot: if you want to lower the abortion rate there is an effective way to do it without changing the law. you can see it in our number of the day 61% that's how much birth rate fell when birth control was given away for free. this came out of a study by washington university, 9,000 women, many of whom were poor and uninsured were offered contraceptives without cost. most got iuds or other implants which are the most effective option and usually quite expensive. but the drop in pregnancy more than made up in the ex
>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! if you have an opinion, you better back it up. >>eliot spitzer takes on politics. >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct...
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Oct 3, 2012
10/12
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FOXNEWS
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with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all the folks say, and interview after interview say we want specifics of how these loopholes will close and how you will pay for $5 trillion in tax cuts, are we going to hear it tonight? >> i think what you will hear from governor romney is the same thing we heard from president reagan in 1986. in 1986, the last time we undertook substantial tax reform, president reagan or ticklated -- articulated his principles. he laid out the broad guideline and gue him in his negotiation with congress. we did something great for the american people back then. we pushed down rates. that created economic expansion. that
with respect to the governor plans for tax reform, he has a plan , pro-growth plan to cut taxes for the middle class because he will allow them to save and invest tax-free. unlike president obama, he has no plans to raise taxes. president obama has plans to raise taxes in this term and the next term. if he does that, he will plunge us off the fiscal cliff to another recession. this is why this choice facing the american people is critical. >> bret: when you hear the obama campaign and all...
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Oct 8, 2012
10/12
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MSNBCW
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overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of a generated media narrative that he is coming up with all sorts of new policies and new touching stories. this is, you know, what's great about last week is it's our opportunity to present an unfiltered mitt romney versus an unfiltered barack obama and the choice was houistorically. >> let's ask you then about specifically what the panelist talked about, the thing that a lot of analysts are watching is are the polls going to move in the swing states? it is early to tell. the jobs numbers may factor in to this. can mitt romney move the polls in a place like ohio? where before the
overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is all just sort of...
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Oct 10, 2012
10/12
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CURRENT
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more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class is disappearing, you can't cut social security -- and by the way, the so-called chain cpi, one way to cut social security would not only hit the elderly and disabled it would also hit disabled veterans. you don't make massive cuts in medicaid or medicare so i think this issue is very very clear. which side are we on? are we going to protect the wealthiest people in this country, the largest corporations eliot, one fourth of profitable corporations pay nothing in taxes. we are losing about $100 billion a year because the wea
more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class...
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>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower the rate. [talking over each other] cheryl: alan mulally would love it if it were 25%. stamping chicago back in may doing gangbuster business. mitt romney wants to do it but obama also wants to do it. the difference is things not in manufacturing. you get 25%, if we could get down to 25 this is going to work. i don't think you should politicize your investment portfolio. dave: no solution the opportunities. [talking over each other] dave: america's top c e os are more pessimistic than in years so why is there outlook dampening and what do they think will turn things aro
>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower...
WHUT (Howard University Television)
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Oct 6, 2012
10/12
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WHUT
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed ha
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now but they paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
WHUT (Howard University Television)
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Oct 9, 2012
10/12
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indonesia imposed a 20% export tax on the 14 ores earlier this year. the ministers failed to narrow their differences but agreed to continue talks over the issue. >>> all right ti. time now to check the world weather forecast. sayaka mori is standing by to tell us the latest on the typhoon. >> hi there. we've been keeping an eye on typhoon prapiroon situated 100 kilometers east of the philippines. prapiroon means god of rain. unlike the name, it's not going produce any heavy rain to any landmasses at least into the weekend. but it could certainly generate high waves and rough seas across the coast of northern luzon, eastern taiwan, and the sakashima islands from late wednesday. here's the projected path. it's going to move toward the west and veer back toward the east. so we are not sure where the system is going at this moment. we'll keep you posted on the storm's progress. as for the rest of east asia, nice, clear skies for much of japan today. we saw the coolest morning of the season in many locations, but temperatures will be rising to above season
indonesia imposed a 20% export tax on the 14 ores earlier this year. the ministers failed to narrow their differences but agreed to continue talks over the issue. >>> all right ti. time now to check the world weather forecast. sayaka mori is standing by to tell us the latest on the typhoon. >> hi there. we've been keeping an eye on typhoon prapiroon situated 100 kilometers east of the philippines. prapiroon means god of rain. unlike the name, it's not going produce any heavy rain...
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Oct 9, 2012
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>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you grow the economy, you take every last dime out of the economy. you let that money stay in and circulate and grow and create the jobs necessary and build that more secure future. you cannot continue to tax your way into prosperity. you can't spend your way into prosperity. small business is the solution if you get the government off the backs. you can't in fact, have more people hired, keep those that already have jobs and expand our economy. you don't do it by raising taxes during a recession. >> well, the fact is if you want to talk about job cre
>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you...
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are you satisfied with romney's answer on taxes? did he clarify his position on taxes? >> he not only clarified it you he was so emphatic on it he finally made a connection on people why his policies are better than the obama policies. i thought an absolute home run hitting on pro growth economic policies. he hasn't emphasized enoughment he did a masterful job on it last night u wow, you thought he won. >> absolutely. stuart: let me move on to jobs. show you what he said on jobs and get your reaction to it. >> look at the evidence of the last four years, it's absolutely extraordinary. we've got 23 million people out of work. or stopped looking for work in this country. it's just, we've got. >> all right. >> when the president took office, 32 million people on food stamps, 47 million on food stamps today. and economic growth this year. and slower than last year. and last year, slower than the year before. going forward with the status quo is not going to cut it for the american people who are struggling today. stuart: okay, going forward status quo, not good enough. did
are you satisfied with romney's answer on taxes? did he clarify his position on taxes? >> he not only clarified it you he was so emphatic on it he finally made a connection on people why his policies are better than the obama policies. i thought an absolute home run hitting on pro growth economic policies. he hasn't emphasized enoughment he did a masterful job on it last night u wow, you thought he won. >> absolutely. stuart: let me move on to jobs. show you what he said on jobs and...
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Oct 8, 2012
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poll tax, literacy test, bizarre registration hours. we passed the civil rights law to prevent that. the second city right not to have your vote canceled up by someone who is an illegal alien, and died, voting twice, or someone who does not even exist. that to file its your sole rights. we can do both. now, an obstacle to this is to reference the previous speaker on fast and furious, the eric holder justice department. they claim there is no voter fraud america. the clinical want to poll taxes. eric holder himself said that. they are suing any state that they can sing their voter i.d. lot is unconstitutional even and has been up held by the supreme court. so where are we with the lyrical the justice department? a complete stall. well, this is no accident. the president of the united states got his start with these issues. his first major political challenge chicago for barack obama was with a group called project vote, a voter registration effort that registered 135,000 people and illinois in '91 and '92. project vote was allied with an
poll tax, literacy test, bizarre registration hours. we passed the civil rights law to prevent that. the second city right not to have your vote canceled up by someone who is an illegal alien, and died, voting twice, or someone who does not even exist. that to file its your sole rights. we can do both. now, an obstacle to this is to reference the previous speaker on fast and furious, the eric holder justice department. they claim there is no voter fraud america. the clinical want to poll taxes....
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the year twenty twenty that's according to the energy minister alexander novak and he told me that tax incentives will be provided for that year with just a minute first of all we've created a set of stimulating measures to boost the development of new oil deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system with cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves. now in the markets in the united states and downgrades of demand and earnings from alcoa and chevron are depressing and vestas and that's not even helped by the latest beige book report which showed that had ten out of twelve fed districts showed moderate growth in august and september over in europe we're also seeing a pretty gloomy mood at the close that says uncertainty. the remains of the spade and greece and in the currencies market we're seeing a drop of the dollar against the euro deepening after that beige book reports but that's actually a positive sign and the russian ruble as y
the year twenty twenty that's according to the energy minister alexander novak and he told me that tax incentives will be provided for that year with just a minute first of all we've created a set of stimulating measures to boost the development of new oil deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system with cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the...
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Oct 4, 2012
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he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i think, is wrong. and once you relax that assumption, then, all of a sudden, other things start to be possible. >> reporter: but it's hard to be sure about the impact of tax cuts on the economy, which is why the experts in congress and the treasury who are responsible for estimating the cost of tax changes generally ignore the impact of tax reforms on the entire economy. darren gersh, nbr, washington. >> susie: here on wall street, traders and investors were taking a fresh look at stock sectors today, assessing what a romney or obama win would mean for the markets. so a lot of talk about minutes from the latest federa
he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney advisers have said they would consider eliminating tax breaks on at least two forms of saving, life insurance and muni bonds. and the governor's supporters argue tax cuts generate enough growth to offset some of their cost. >> people can have reasonable disagreements about the magnitude of that growth effect, but to assume that it is zo, i...
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>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you grow the economy, you take every last dime out of the economy. you let that money stay in and circulate and grow and create the jobs necessary and build that more secure future. you cannot continue to tax your way into prosperity. you can't spend your way into prosperity. small business is the solution if you get the government off the backs. you can't in fact, have more people hired, keep those that already have jobs and expand our economy. you don't do it by raising taxes during a recession. >> well, the fact is if you want to talk about job cre
>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you...
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that tax incentives will be used in order to achieve this ambitious goal. you know it is to me first of all we've created a set of stimulating measures to boost the development of new all deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves he took a. close second look at what's happening on the markets first of the united states looking for it see. pessimistic because of. declining growth prospects for earnings for industry giants like alcoa and the share from that finally for that and so it was that quarter and also we're waiting for the beige book report so-called based report on the state to come in the united states feeling better than the market is apples up around one cent now and moving over to europe if we can the foot sea and the dax ended the session down around half a percent that's on the back of uncertainty still remaining about what's going to happe
that tax incentives will be used in order to achieve this ambitious goal. you know it is to me first of all we've created a set of stimulating measures to boost the development of new all deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves he took a. close second look at what's happening on the...
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one show put together moments when he wasn't. >> let's stay on taxes. >> just -- let's just stay on taxes for a moment. >> but virtually everything he just. >> but all i want to do is very quickly before we leave the economy. >> let's get back to medicare. the president said that the government. >> going to get the first word in the next segment. >> small businesses you are talking about. >> excuse me, just so everybody understands. >> gentlemen, look, one second. >> >> let's stay on the taxes then. >> i had five seconds before you interrupted me. >> i actually responded to that which is. >> jim,. >> respond to that. >> i have done a poor job. >> you have done a great job. >> oh well. no. >> bret: man, oh man, thanks for inviting us into your home tonight. make it a great weend
one show put together moments when he wasn't. >> let's stay on taxes. >> just -- let's just stay on taxes for a moment. >> but virtually everything he just. >> but all i want to do is very quickly before we leave the economy. >> let's get back to medicare. the president said that the government. >> going to get the first word in the next segment. >> small businesses you are talking about. >> excuse me, just so everybody understands. >>...
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twenty twenty according to the russian energy minister alexander novak well he says that basically tax incentives will be provided in order to achieve this indeed ambitious goal. first of all we've created a set of stimulating measures to boost the development of new oil deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves. all right let's quickly take a look at what's happening on the markets in the u.s. it's all going down by the hour that's on the back of industry giants like alcoa and chevron downgrading their earnings forecasts but apple is one of the few stocks which is gaining right now on the nasdaq as it's expecting the i pad mini to be released in the next week and over in russia this is the closing bell we've also had a negative session that's the spiked price is going back up to around ninety two dollars per barrel so this is all i have time for this i'll be back next hour with ye
twenty twenty according to the russian energy minister alexander novak well he says that basically tax incentives will be provided in order to achieve this indeed ambitious goal. first of all we've created a set of stimulating measures to boost the development of new oil deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil...
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